Sebi's recommendations follow scores of meetings held by the regulator with foreign investors over the last two years as selling persisted, putting pressure on the Indian currency (Photo: Reuters)
India's benchmark Nifty 50 has declined 4.8 per cent in the last two years while the MSCI emerging market index is up 40 per cent. Returns from diversified domestic equity mutual funds -- now a common way of saving for retail investors -- have also stagnated over this period. Average returns from funds investing in large-cap stocks are down 1.6 per cent, according to data from fund research firm Morningstar.
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